01:32 PM EDT, 05/02/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.8% and the Financial Select Sector SPDR Fund (XLF) ahead 2%.

The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 1.1%.

Bitcoin (BTC-USD) was increasing 0.9% to $97,313, and the yield for 10-year US Treasuries was rising 9 basis points to 4.32%.

In economic news, nonfarm payrolls climbed 177,000 in April, the Bureau of Labor Statistics reported. The consensus was for a 138,000 increase, according to a Bloomberg survey.

In corporate news, Goldman Sachs ( GS ) is removing references to race from its major diversity initiative "One Million Black Women" amid legal concerns, The Wall Street Journal reported. Goldman shares were rising 2.5%.